Cost Controller- F&B

Independent Food Company; United Arab Emirates; On-site; AED 40,000 - 80,000; Full time

Job summary

An innovative hospitality company in the UAE is looking for a Cost Controller to join their dynamic team. This role is essential in ensuring financial accuracy and compliance, allowing the company to thrive in a competitive market. You will work closely with various department managers to analyze costs, enhance vendor relationships, and implement effective budgeting strategies. Your expertise will drive profitability while maintaining the highest quality standards. If you're passionate about finance and food, this is an exciting opportunity to make a significant impact in a vibrant industry.

Qualifications

• Strong analytical skills and attention to detail in financial reporting.
• Experience in managing budgets and vendor relationships.

Responsibilities

• Ensure accurate costing of food & beverage items and maintain expense records.
• Collaborate with department heads to minimize waste and enhance profitability.

Skills

Cost Analysis

Budget Management

Vendor Relationship Management

Financial Reporting

Market Trend Analysis

Education

Bachelor's Degree in Finance or Accounting

Professional Certification (e.g., CMA, CPA)

Tools

Excel

Accounting Software

Job description

Driven to create unique home-grown food concepts that bring people together, the Independent Food Company is a UAE-based hospitality company with multiple concepts under its umbrella: SALT, Parker's, Grind, Somewhere, Public, Soil, and Kumo. We are currently seeking to hire a Cost Controller to work collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability, with a deep commitment to the bottom line without compromising quality. You will be accountable for a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure compliance with generally accepted accounting principles or international financial reporting standards.

Scope Of Work

• Ensure up-to-date costing of all food & beverage items and keep records of all Food & Beverage monthly expenses to ensure strict budgeting control.
• Receive goods from stores daily, review the goods received note, and analyze as specified in food & beverage procedures.
• Prepare daily food & beverage costs.
• Conduct periodical checks on the value of restaurant food compared to posted food totals by cashiers.
• Maintain an up-to-date list of all costs/prices, and advise on variations.
• Assess all incoming products, resources, and services to ensure the best price.
• Stay aware of market trends that could impact resource costs and keep updated on new vendors and potential cost-cutting partnerships.
• Analyze invoices to ensure correct products/services were received at the expected cost.
• Collaborate with department heads to strategize ways to minimize waste.